OV Entertainment Embarks on Mission to Unite Latin American Gaming Companies with Kokku and 3OGS Acquisitions

The newly established OV Entertainment Group has made its inaugural acquisitions, purchasing Brazilian game developer Kokku and Argentine technology specialist 3OGS. The terms of the deals were not disclosed, but these acquisitions lay the groundwork for a group that aims to bring together Latin American gaming companies, accelerate their growth, and provide access to resources that would otherwise be out of reach. During an interview at Gamescom Latam in São Paulo, key executives from the three companies discussed the vision behind OV Entertainment, which was conceived by Thiago de Freitas, founder of Kokku and now CEO of OV Entertainment. De Freitas explained that the idea for OV Entertainment was born out of a series of acquisition offers for Kokku, one of Brazil's largest studios with AAA development experience. Kokku offers a range of services, including art production, co-development, and full game development, and has contributed to notable games such as Horizon Forbidden West, Call of Duty Black Ops: Cold War, and Prison Architect 2. According to De Freitas, the company always wanted to demonstrate that the future of game development lies in South and Latin America, but decided against selling to other groups or institutions, opting instead to unite Latin American gaming companies. De Freitas believes that Kokku's reputation and established connections will help elevate other companies within the group, particularly those that lacked opportunities or resources in the past. He cited 3OGS, a tech specialist from Argentina, as an example of a talented and skilled company that was struggling to find better opportunities and clients due to limited access to investment capital. The team at 3OGS first met with De Freitas nearly two years ago while seeking investment, and co-CEO Pablo Navajas expressed enthusiasm for the overall vision of OV Entertainment, stating that it aligned with their ambitions and provided an opportunity to accelerate their growth. Navajas also noted that being part of a larger group will enable 3OGS to take on more complex projects and recruit larger teams to handle them. De Freitas hinted that OV Entertainment's scope will extend beyond video game development and services, with a broader vision of exploring film, TV, and other areas. Although OV Entertainment will focus on acquiring companies from Latin American markets, the parent company is registered and based in the UK, which will facilitate access to capital and enable the group to operate with a more global focus. Chief strategy officer Chris Bergstresser emphasized that the company has been observing larger gaming and services groups, aiming to learn from their mistakes and preserve the operational independence of its subsidiaries. Bergstresser noted that the value of any company lies in its teams and that preserving the working methodologies and culture of its subsidiaries is crucial. De Freitas added that OV Entertainment aims to be a "backstage" group, allowing its subsidiaries to maintain their independence and make their own decisions while providing support and resources. Navajas concurred, highlighting that 3OGS agreed to the acquisition because it allows the team to maintain control over their decisions and clients, and believes that the group will achieve great things in the next few years.